INSURANCE PREMIUM TABLES FEBRUARY 2023

Our latest insurance premium table dated from February 2023 is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates [...]

Arranging maintenance cover for a divorced client

A man in his 70s and a woman in her 60s with a property worth £4 million. Their existing lifetime mortgage of £1.6 million had a relatively high interest rate of just above 7%, which meant that the amount owing was increasing rapidly. The couple were concerned about the loss of equity from their property.

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLES AUGUST 2022

Our latest insurance premium table dated from August 2022 is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates [...]

Re-mortgaging a lifetime mortgage to a cheaper rate

A man in his 70s and a woman in her 60s with a property worth £4 million. Their existing lifetime mortgage of £1.6 million had a relatively high interest rate of just above 7%, which meant that the amount owing was increasing rapidly. The couple were concerned about the loss of equity from their property.

Elderly client obtains a lifetime mortgage to pay for care costs

A man aged in his 80s with a property worth £750,000 and a mortgage for £150,000 secured against it. The client had minimal income, but because of his care needs, he was spending £22,000 per year on his care (while remaining in the property) and on the costs of running the home. His savings were being rapidly depleted by these ongoing costs, even though his family were providing financial assistance. Another brokerage firm had already said that it could not assist him, and he was increasingly worried that he would be forced to leave his home.

Lifetime mortgage for consolidation of debts and home improvements

A single woman in her 60s with a property valued at £400,000. The client had £25,000 in credit card and loan debt. It was costing her £600 per month to repay these debts, so this was having an impact on day-to-day living, even though her monthly income was £1,800. She also wanted to carry out some home improvements but had no savings and was unable to obtain further credit due to her impaired credit history.

Key person insurance for a company director

The client was a 42-year-old non-smoker who was resident in the UK and who was the director of a company. The client had bought out his business partner via an equity fund. The company’s board had decided that the individual needed to take out key person insurance to protect the business, as there could be significant consequences if he were to die unexpectedly or be incapacitated by illness.

Assisting a couple facing a potential large inheritance tax liability by arranging suitable life insurance

The clients were a couple, both in their 60s, who were British nationals and resident in the UK. The couple’s estate is valued at £10 million. Their individual nil rate bands of £325,000 each could not be used in this case, and they were therefore facing the prospect of inheritance tax of 40% being charged on the full amount once the second client died, which would mean a £4 million IHT bill for their nearest and dearest at that time.

Providing life insurance with a high sum assured for a non-domiciled individual

The client is in his 40s, resident in the UK, but not considered to be domiciled in the UK. His family lives in Kuwait. We were unable to obtain sufficient cover for this client in the UK market because, although he had extensive investment income, he did not have any earnings from employment or self-employment in the UK as his business was still in the start-up phase. For this reason, he was referred to a US-based broker with whom we have worked closely on many occasions.

  • Convertible Term Policy To Cover A Pre-nup Payment | John Lamb

Convertible Term Policy To Cover A Pre-nup Payment

The client is a man his 30s, UK resident and a non-smoker. As a condition of his pre-nuptial agreement, his spouse was entitled to receive a £10 million payment were he to pass away. Much of his family’s wealth is tied up in trusts, and by seeking life insurance, the client was seeking to avoid a potential claim that would disrupt the family’s investment strategy by forcing them to liquidate their positions at an inopportune time.

Arranging Life Cover To Mitigate Any Potential IHT Liability Should A Client Die After Making A Gift

The female client was in her 70s and was both resident and domiciled in the UK. The client wished to make a gift of £11 million to her children. After using her nil rate band, the potential inheritance tax liability on the gift was calculated at more than £4 million – the size of this gift meant that there was no question of being able to use any of the available gift allowances

  • Assisting A Couple Facing A Potential Large Inheritance Tax Liability By Arranging Suitable Life Insurance | John Lamb

Assisting A Couple Facing A Potential Large Inheritance Tax Liability By Arranging Suitable Life Insurance

The clients were a couple, both in their 60s, who were British nationals and resident in the UK. The couple’s estate is valued at £10 million. Their individual nil rate bands of £325,000 each could not be used in this case, and they were therefore facing the prospect of inheritance tax of 40% being charged on the full amount once the second client died, which would mean a £4 million IHT bill for their nearest and dearest at that time.

  • Arranging A Life And Critical Illness Policy For A Client With An Extensive Medical History | John Lamb

Arranging A Life And Critical Illness Policy For A Client With An Extensive Medical History

Like millions of people across the UK, this 40-year-old client approached us seeking to put in place comprehensive cover to provide funds for their family should they pass away, and to provide funds to meet the costs of medical care and home conversions should they contract a critical illness. The desired sum insured was £200,000. However, obtaining appropriate cover for this client was not entirely straightforward, as they had what could be described as an ‘extensive’ medical history, having had a number of medical issues at different stages of their lifetime.

Arranging Life Insurance To Mitigate Inheritance Tax Risks For A Younger Customer

John Lamb Hill Oldridge is proud to be able to assist customers at every stage of their financial journey. In this instance, the client is a 25-year-old man who had been gifted as much as £5 million in non-income producing assets, and who was referred to us by his accountant. As the client had other assets that exhausted his nil-rate inheritance tax band, he was liable for inheritance tax at the full rate of 40% on the entire £5 million, which equates to £2 million.

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLES MAY 2021

Our latest insurance premium table dated from May 2021 is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates Table [...]

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLES FEBRUARY 2021

Our latest insurance premium table dated from February 2021 is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates [...]

JOHN LAMB HILL OLDRIDGE IN THE PRESS

Unlike others in our industry we kept working through lockdown and all that COVID-19 has thrown at us. We have taken pride in the fact that we have continued to provide the same level of advice and service our clients expect. We are very aware that our clients’ personal needs don’t sit still just because we are not in an office together or having to socially distance; technology has enabled us to stay on top of our brief.

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLE JULY 2020

Our latest insurance premium table dated from July 2020 is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates [...]

JULIAN HILL – IN MEMORIAM

Julian Hill, who founded Hill Oldridge, passed away earlier this year. He will be sadly missed by all those who knew him. REMEMBERING JULIAN HILL by David Pollock Julian left school in 1978 and, [...]

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLE JUNE 2020

Our latest insurance premium table dated from June 2020 is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates Table [...]

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLE JANUARY 2020

Our latest insurance premium table is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates Table

  • INTERNATIONAL LIFE INSURANCE | John Lamb Hill Oldridge

INTERNATIONAL LIFE INSURANCE

For most UK residents, purchasing life insurance is relatively simple. However, for those living and/or working abroad, obtaining life insurance can be complicated and expensive. Certain UK providers and offshore insurers offer cover for [...]

  • INSURANCE PREMIUM TABLE | John Lamb Hill Oldridge

INSURANCE PREMIUM TABLE

Our latest insurance premium table is now available for download. This useful reference guide includes rates for Whole of Life, Fixed Term, Gift Inter Vivos, Business Protection and Relevant Life policies. Download Rates Table

CITYWEALTH LEADERS LIST 2017

We are delighted to announce that Paula Steele our Managing Director has once again been included in the Citywealth Leaders List. The Citywealth Leaders List is a best of the best directory of leading professionals [...]

MAGIC CIRCLE AWARDS 2017

We are delighted to announce that Paula Steele our Managing Partner has been shortlisted in the Magic Circle Awards 2017 as Entrepreneurial Individual of the Year. The Magic Circle Awards are held annually to find [...]